8-KExhibits & Filings

WELLS FARGO & COMPANY/MN 8-K Report, Exhibit Filing (May 22, 2017)

Filed May 22, 2017For Securities:WFCWFC-PDWFC-PCWFC-PYWFC-PAWFC-PLWFCNPWFC-PZ

Summary

Wells Fargo & Company (WFC) filed an 8-K report on May 22, 2017, primarily to disclose the issuance of $3 billion in Medium-Term Notes, Series Q, Fixed-to-Floating Rate Notes. This filing is in conjunction with a Form S-3 Registration Statement previously filed with the SEC. The purpose of this 8-K is to provide the official documentation for these newly issued debt securities. Investors should note that this filing pertains to debt issuance rather than equity or significant operational changes. The attached exhibits include the form of the Notes themselves, along with legal opinions from Faegre Baker Daniels LLP regarding the Notes and related tax matters. These documents are standard for such debt offerings and provide transparency on the terms and legal standing of the issued debt.

Key Highlights

  • 1Wells Fargo issued $3,000,000,000 in Medium-Term Notes, Series Q.
  • 2The Notes are described as Fixed-to-Floating Rate Notes.
  • 3This 8-K filing is associated with a Form S-3 Registration Statement (File No. 333-216234).
  • 4The primary purpose of the filing is to provide the form of the Notes as an exhibit.
  • 5Legal opinions from Faegre Baker Daniels LLP regarding the Notes and tax matters are included as exhibits.
  • 6Consents from Faegre Baker Daniels LLP are also filed, indicating their approval for referencing their opinions.

Frequently Asked Questions

The main purpose of this 8-K filing is to formally disclose and provide the official documentation for Wells Fargo's issuance of $3 billion in Medium-Term Notes, Series Q, Fixed-to-Floating Rate Notes. It includes the form of the Notes and related legal opinions.

The Notes are identified as Medium-Term Notes, Series Q, and they have a 'Fixed-to-Floating Rate' structure, meaning their interest rate mechanism will likely change from a fixed rate to a floating rate over their term.

No, this 8-K filing does not report new financial results or disclose significant operational changes. It is specifically related to the issuance of debt securities and the accompanying legal documentation.

The legal opinions regarding the Notes and tax matters were provided by Faegre Baker Daniels LLP.